Funding Octopus Robot For Worldwide Use And Fight COVID-19 With COVIR Tezos Blockchain
Amid the rampaging pandemic of Covid-19, there is no doubt you can found numerous blockchain projects to fight the occurrence issues. While you might be skeptical about the crypto investment trends, but surprisingly some promising projects are surfacing. One of them is the Covir.io that strives to gain fund and help the Octopus Robot disinfection to be spread around the world. So what is this project? Here is a brief explanation for you.
Who Are COVIR And OctopusRobots
There is no doubt that you need to know who will you invest in. In this case, the COVIR.IO is the exclusive partner of Octopus robots. The COVIR itself is running under a Tezos blockchain technology to help fund the robotic disinfection systems international licenses. So to say it bluntly, COVIR is a blockchain project that works together with the namely Octopus Robot to gain enough money and get the international licenses.
This international license will be required to deploy or spread biosecurity robots around the world. The Octopus robots company itself is a leading medical technology company that wants to pursue and fight the COVID-19 disease. In this time, they are developing a technology for air spray disinfection of spaces and surfaces. All considering the places that potentially contaminated by any bacteria and viruses, including the Covid-19.
The Principal Purpose
You can see from the idea above, that the main idea and purpose is funding this particular medical technology. The name of the kit is Octopus biosafety, which is claimed to be working efficiently in very large volume environments. It is great to kill or terminate any kind of bacteria and viruses, including COVID that have been rampaging the world. However, the production needs an international license so the product can reach the whole part of the world.
And this is where the blockchain technology takes its part. With the help of Tezos blockchain, COVIR is born as a pre-financing vehicle. The Octopusrobots launches the global portfolio of potential licenses. All of that is possible with the help of tokenizing it's licensing rights on the Tezos Blockchain. Is it a great investment? It can be said that the idea is great since you are going to help the company to raise the fund and get the appropriate rights.
The Benefits Of Using Blockchain Technology
Why do you have and what you get are very frequently asked questions. It Is granted that this query will be surfacing quite a lot, thus the answer is quite a lot. The use of blockchain technology has created digitalization of license fees easier and intangible. At the same time, the tokenization that comes with the tech allows better mutualization, liquidity, transparency, and openness of geographic areas under negotiation.
On the other note, you can say that the blockchain tech comes with a better promise for all the digital transactions. You can say that the investment comes with a smart contract which also going to automate the payment of royalties. From the metrics of the project, the company mentioned that the valuation of the world license portfolio reaches up to 160 million dollars. At the same time, the potential royalties you can expect are around 40 million a year.
So, there are numbers that follow. However, the long term sale will be opened for around 17 years. Until the whole portfolio being sold. These are the things you may feel interested in, the investors and the license buyers can gain a big number of royalties. Believe it or not, the maximum potential revenues royalties for the license buyers can reach up to $20M/ year while the royalties for the investors will be around $8M per year.
Investment System
There are two stages of the system in this project. The first is about the grand COVIR funding international licenses. Both crypto and fiat investors will come together for the fundraising. After that, the distribution will split in balance into three subjects. The Octopus robots company, the investors, and the operational costs. After the first stage is done perfectly, the second stage will be about the license sale buying process.
The COVIR and Octopus robot will work together to gain the license sale. With the COVIR tokenizing licensing, everyone (the company and you as the investors) will start gaining some royalties? How much? You can get much more than you thought of getting your name on the license. Especially if you see the tokenomics, there are 50% distribution that goes straight to the research and the development. 30% to be sold and the rest is for other stuff.
IEO Information
Are you interested to join the project? The COVIR its native digital money named CVR tokens. For those who are using Tezos Wallet (XTZ), you can receive them directly on this one. How? Of course, you should invest by buying some tokens or CVR coins. You can join them from the IEO process (round 1) that started on the 31st of July until 7 august 2020. Or you can go for the second round that started on 10 – 14 August 2020. Everyone can be part of this crypto investment.
The company set the token supply around 400,000,000 CVR and the IEO token will be 7,5 million CVR. To make sure the project gains its purpose, COVIR states the lower of a soft cap of $500k and the hard cap around $1,5 M. There are tons you can get from these projects. They are also very active in promoting the fundraising through many bounties, airdrop, capp town, pre-sales bonus, coin telegraph, buyback method, and many other interesting ideas.
While many people are being doubtful about the trend of fundraising in the middle of COVID-19, you can say that some of them might be worth it. Including the Covir.io that try to raise fund for the medical equipment's license and sell it over the world. Being part of the community or the project also come with a high number of royalties. With great insight, the possibilities, and tokenizing licensing, this project can be a great solution for fighting the pandemic.
Ann Thread: https://bitcointalk.org/index.php?topic=5243195.msg54290230#msg54290230
Website: https://covir.fr/en/home/
Website: https://covir.io/v2/
White Paper: https://covir.fr/wp-content/uploads/2020/03/covir_v2-2.pdf
Social Media:
https://twitter.com/Covir_io
https://www.facebook.com/CovirIO
https://www.linkedin.com/company/covir-io/
https://www.youtube.com/c/OCTOPUSROBOTS
https://www.reddit.com/r/covir/
Posted by kurniawan05
Profile link: https://bitcointalk.org/index.php?action=profile;u=1187741